Major global firms accused of concealing their environmental impact
More than 700 companies, including Amazon, Tesco and ExxonMobil, lack transparency, campaign group claims
MOREMore than 700 companies, including Amazon, Tesco and ExxonMobil, lack transparency, campaign group claims
MOREG&A Institute has analyzed index companies’ sustainability reporting activities since 2011. “Sustainability reporting” rose dramatically from 2011, when roughly 20% of companies published reports, to 72% just three years later in 2013. From 2013 to 2017, the frequency of reporting increased each year, now inching up to 86% of companies reporting in 2018.
MOREWorldwide investor demand for environmental, social and governance (ESG) investing is strong, according to a survey conducted by Natixis Investment Management, with 76% of individual investors globally and 71% of U.S. investors saying it is important to have the ability to invest according to personal values and ethical requirements.
MOREIn the past two years, high-profile cases of corporate failure and scandals such as BHS and Patisserie Valerie, and their disastrous consequences, made the headlines in the UK.
MOREThe Taiwan Stock Exchange (TWSE) announced that the fifth (2018) Corporate Governance Evaluation had been completed. A total of 1,554 companies were evaluated, including 868 TWSE- and 686 TPEx-listed companies. Based on the evaluation scores, the companies were divided into seven groups - Top 5%, 6% to 20%, 21% to 35%, 36% to 50%, 51% to 65%, 66% to 80% and 81% to 100%. The results for the TWSE- and TPEx-listed companies were announced separately.
MOREUpon the instruction of the Financial Supervisory Commission (FSC), TDCC built a corporate IR platform based on the FSC’s New Corporate Governance Roadmap (2018-20). On March 15, 2019, TDCC organized the IR Platform Launch Ceremony & ESG Conference to promote the commencement of the IR platform. Experts from at home and abroad were invited to give speeches or engage in panel discussions on the latest shareholder meeting trends, ESG and IR practices. Almost 200 representatives of listed companies attended the forum, alongside major institutional investors, including the Labor Insurance Fund, Labor Pension Fund, Public Service Pension Fund, Postal Savings Fund, insurance companies and securities investment trust companies.
MOREThe Asian Corporate Governance Association (ACGA) released the “CG Watch 2018” report in Hong Kong on the morning of December 5, 2018. CG Watch is a biennial report issued by ACGA providing the survey results and ranking of the corporate governance performance by Asian markets. Titled “Hard Decisions”, the 2018 report examines the difficult choices that Asian market participants face in selecting the best way forward for CG reform, such as between dual-class shares and “one share, one vote”. This will exert a deep influence on the investors’ trust in the financial regulatory system in Asia.
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